08-03-2021 12:04 PM | Source: HDFC Securities Ltd
Technical Positional Pick - Buy Arvind Fashions Ltd For Target Rs. 270 - HDFC Securities
News By Tags | #5240 #2034 #1157 #3050

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Technical Positional Pick - Buy Arvind Fashions Ltd For Target Rs. 270 - HDFC Securities 

TECHNICAL OBSERVATIONS

Pennant Pattern Breakout on the daily chart

Stock has been finding support on its 10 days EMA

Price Breakout is seen along with the rising volumes

In the month ended July 2021, Stock broke out from multi month consolidation pattern with jump in volumes

Indicator and Oscillator setup has been holding bullish on weekly charts

Short term moving averages are placed above medium to long term moving averages

Buy Arvind Fashions Ltd Up to 3 Months @ Average Level 200 CMP 218.45 TGT 270 SL 194

 

To Read Complete Report & Disclaimer Click Here

 

Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795

SEBI Registration number is INZ000171337

 

Above views are of the author and not of the website kindly read disclaimer